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About SK Hynix
SKHYNIX (SKHX) tracks the value of 1 share of common stock in SK hynix Inc. The oracle converts the underlying Korean stock's KRW price to USD at the prevailing USD/KRW FX rate. SK Hynix manufactures DRAM and NAND memory semiconductors used in data centers, AI hardware, mobile devices, and computing systems.
SKHX is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Semiconductors.
Frequently Asked Questions
- What is the difference between SKHY and SKHX on Hyperliquid?
- Both are HIP-3 synthetic perpetuals for SK hynix Inc., but they track different underlying shares. SKHX tracks 1 common share on the Korea Exchange (000660.KS): the oracle converts the KRW price to USD at the prevailing FX rate. SKHY tracks 1 Nasdaq-listed American Depositary Share (ADS), which represents one-tenth of a common share. They are two separate synthetic markets, not two views of the same price feed.
- Why can SKHY's price diverge from one-tenth of the SKHX price?
- SKHY and SKHX are separate synthetic markets with no delivery mechanism or arbitrage bridge linking them, so nothing forces SKHY to track exactly one-tenth of the SKHX price at all times. A small ADS free float, and conversion between the two lines that was restricted at first, mean a gap can open in either direction and persist, driven by relative demand on each market rather than by convergence between them.
- Does SKHX carry FX risk that SKHY doesn't?
- Yes. SKHX's oracle price converts the underlying KRW-denominated common share price to USD at the prevailing USD/KRW exchange rate, so it carries exposure to that FX rate alongside the underlying stock. SKHY's ADS already trades in USD on Nasdaq, so its price does not require a live FX conversion step.
- Are SKHY and SKHX both HIP-3 perpetuals I can trade 24/7?
- Yes. Both are HIP-3 synthetic perpetual contracts on the xyz decentralized exchange within the Hyperliquid ecosystem, so they trade 24/7 with no delivery mechanism or direct arbitrage link to the underlying Korea Exchange or Nasdaq-listed shares.
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